Frieze London 2014 Market News

Here Are Some More Frieze Sales Figures

imagesAll from The New York Times:

The New York-based dealer Andrew Kreps brought three sculptures by the up-and-coming artist Darren Bader, who makes works in degradable materials that have to be recreated by their new owners. An axe in a pile of sugar and a ball of rubber bands in a pumpkin sold to American collectors for $10,000-$12,000 each during the early hours of the fair’s preview on Tuesday.

Digital and Internet-inspired art was also making an impact. The London-based Lisson Gallery found buyers for two unique flat-screen digital “Lake” images by the New York artist Cory Arcangel for $60,000 each at the preview.

A fellow London dealer, Carlos/Ishikawa, sold Ed Fornieles’s “Gone Girl,” a 6-foot false nail decorated with a kissing couple appropriated from the Internet, for £12,000.

Frieze is a formidable commercial operation. The fair doesn’t publish official sales figures, but even back in 2005, in the days before it fell into line with art world omertà, Frieze exhibitors took almost $57 million. This year, the London-based dealer Victoria Miro sold 12 works, including a large 2009 Chris Ofili painting, for a “mid-six-figure sum,” within the first two hours of the preview. More than half of these had been pre-reserved through buyers who had viewed the works as jpeg images.

Billionaires such as Lakshmi Mittal and François Pinault were spotted browsing the booths, and a number of big-ticket sales were made during the preview. The New York- and London-based gallery Skarstedt sold a version of Andy Warhol’s 1984 silkscreen painting, “The Scream (After Edvard Munch),” for about $5.5 million; Van de Weghe, also based in New York, was successful with a 1967 Picasso painting, “Head of a Musketeer,” priced at $4 million.

Doesn’t sound like Van de Weghe sold that $24 million Cy Twombly, then, right? Because he would have said.

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